Yanzhou's disgracefully low bid is just AU$16.95 a share. The rest is made up of a final dividend "we're getting anyway" and an extra 50c dividend that Felix are paying for. On top of this Felix pay AU$10 million to SACCS and we have a distribution of shares worth around 5c to 7c a share.
Moolarben is potentially one of the best quality thermal coal mines in the world with open-cast mining costs around AU$40 per tonne.
Felix forecast production of 9.6 million tonnes for Felix Resources for year ending 2012. 3.45 million tonnes per annum is already contracted to be sold at market prices for the life of the mine.
Production from Moolarben alone would more than treble Felix production in the year ending June 2009, and sales of 4.71 million tonnes.
Yanzhou's disgracefully low bid is just AU$16.95 a share. The...
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Mkt cap ! $34.76M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11262 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 15366 | 1 |
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